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Environmental, Social, Governance (ESG) considerations in investment decisions with the aim to generate superior performance and … positive social impact. The shift towards more sustainable policies in firms is motivated by the increased market values and …
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The change in the cost of capital that results from a divestiture strategy can be closely approximated as a simple linear function of three parameters: (1) the fraction of socially conscious capital, (2) the fraction of targeted firms in the economy and (3) the return correlation between the...
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